“Based on the situation of these few months, it is inevitable that negative growth will continue, ” Financial Secretary Paul Chan(pic) said in a blog post. “This means the government will be less flexible in using financial resources under an economic recession.”
HONG KONG: Hong Kong’s economy is set to contract in the fourth quarter as the city reels from six months of violent social unrest, the financial chief said.
“Based on the situation of these few months, it is inevitable that negative growth will continue, ” Financial Secretary Paul Chan(pic) said in a blog post. “This means the government will be less flexible in using financial resources under an economic recession.”
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
